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Financial Modeling Using Excel: - If - Left - Mid - Len - Find - Search

This document provides an overview of several Excel functions for finding and extracting text, including IF, LEFT, MID, LEN, FIND, and SEARCH. The IF function allows conditional logic to return one value for true conditions and another for false. LEFT extracts characters from the left side of a text string. MID extracts characters from the middle based on position and length. LEN counts the number of characters in a text string. FIND returns the position of a substring within a text, while SEARCH is not case-sensitive. Examples are given for using these functions to extract names, check for values, and more.

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Udita Gopalkrishna
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35 views

Financial Modeling Using Excel: - If - Left - Mid - Len - Find - Search

This document provides an overview of several Excel functions for finding and extracting text, including IF, LEFT, MID, LEN, FIND, and SEARCH. The IF function allows conditional logic to return one value for true conditions and another for false. LEFT extracts characters from the left side of a text string. MID extracts characters from the middle based on position and length. LEN counts the number of characters in a text string. FIND returns the position of a substring within a text, while SEARCH is not case-sensitive. Examples are given for using these functions to extract names, check for values, and more.

Uploaded by

Udita Gopalkrishna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Financial Modeling Using Excel

• if
• LEFT
• MID
• LEN
• Find
• Search
IF() Function
• Form
– =IF(condition,
value-for-TRUE-case,
value-for-FALSE-case)
• Example
– Assume: B2 contains semester average
– Then, in C2, we can have:
=IF(B2>=70, “Pass”, “Fail”)
IF() Function
A B C D E F
1 Name Exam Grade
2 Adams 87 Pass
3 Benson 92 Pass
4 Carson 68 Fail
5 Danson 78 Pass
6

=IF(B2>=70,”Pass”,”Fail”)
Worksheet Practice
• Find companies with CSR less than 2% of Average Net Profit.
=IF(E2<2,"VIOLATION","NO VIOLATION")

• Grade the Companies:


– 0-2%
– 2-3%
– 3-5%
– More than 5
=IF(E2<0.02,"E",IF(E2<0.03,"D", IF(E2<0.05,
"C","B")))
LEFT
• The Excel LEFT function extracts a given number of characters from the
left side of a supplied text string.

• =LEFT (text, [num_chars])


• For example, LEFT("apple",3) returns "app".
MID FUNCTION

The Excel MID function extracts a given number of characters from the middle
of a supplied text string.
For example, =MID("apple",2,3) returns "ppl".
=MID (text, start_num, num_chars)
Use the MID function when you want to extract text from inside a text string,
based on location and length.
LEN
• =LEN (text)
• Usage notes 
– LEN is a useful when you want to count how many
characters there are in some text.
– Numbers and dates will also return a length.
– Number formatting is not included. (i.e. the length
of "100" formatted as "$100.00" is still 3).
FIND
• FIND( find_text, within_text, [start_num] )
• The first 2 arguments are required, the last one is optional.
• Find_text - the character or substring you want to find.
• Within_text - the text string to be searched within. Usually it's
supplied as a cell reference, but you can also type the string
directly in the formula.
• Start_num - an optional argument that specifies from which
character the search shall begin. If omitted, the search starts
from the 1st character of the within_text string.
• If the FIND function does not find the find_text character(s), a
#VALUE! error is returned.
FIND
• The FIND function is case sensitive. If you are looking for a case-insensitive match,
use the SEARCH function.
• The FIND function in Excel does not allow using wildcard characters.
• If the find_text argument contains several characters, the FIND function returns
the position of the first character. For example, the formula FIND("ap","happy")
returns 2 because "a" in the 2nd letter in the word "happy".
• If within_text contains several occurrences of find_text, the first occurrence is
returned. For example, FIND("l", "hello") returns 3, which is the position of the first
"l" character in the word "hello".
• If find_text is an empty string "", the Excel FIND formula returns the first character
in the search string.
• The Excel FIND function returns the #VALUE! error if any of the following occurs:
– Find_text does not exist in within_text.
– Start_num contains more characters than within_text.
– Start_num is 0 (zero) or a negative number.
SEARCH function
• The SEARCH function in Excel is very similar to FIND in
that it also returns the location of a substring in a text
string. Is syntax and arguments are akin to those of
FIND:
• And here's a couple of basic Excel SEARCH formulas:
• =SEARCH("market", "supermarket") returns 6 because
the substring "market" begins at the 6th character of
the word "supermarket".
• =SEARCH("e", "Excel") returns 1 because "e" is the first
character in the word "Excel", ignoring the case.
SEARCH function
Excel FIND vs. Excel SEARCH

• The SEARCH function in Excel is very similar to FIND in that it


also returns the location of a substring in a text string. Is
syntax and arguments are akin to those of FIND:
•
1. Case-sensitive FIND vs. case-insensitive SEARCH

2. Search with wildcard characters


• Unlike FIND, the Excel SEARCH function allows
using wildcards in the find_text argument:
• A question mark (?) matches one character,
and
• An asterisk (*) matches any series of
characters.
• As you see in the screenshot above, the formula
SEARCH("function*2013", A2) returns the position
of the first character ("f") in the substring if the
text string referred to in the within_text argument
contains both "function" and "2013", no matter
how many other characters there are in between.
• Tip. To find an actual question mark (?) or asterisk
(*), type a tilde (~) before the corresponding
character.
• Supposing you have a column of names (column A) and
you want to pull the First name and Last name into
separate columns.
• To get the first name, you can use FIND (or SEARCH) in
conjunction with the LEFT function:
• =LEFT(A2, FIND(" ", A2)-1)
• =LEFT(A2, SEARCH(" ", A2)-1)
• As you probably know, the Excel LEFT function returns the specified number of
left-most characters in a string. And you use the FIND function to determine
the position of a space (" ") to let the LEFT function know how many characters
to extract. At that, you subtract 1 from the space's position because you don't
want the returned value to include the space.
• To extract the last name, use the combination of the RIGHT, FIND / SEARCH and
LEN functions. The LEN function is needed to get the total number of
characters in the string, from which you subtract the position of the space:
• =RIGHT(A2,LEN(A2)-FIND(" ",A2))
•
=RIGHT(A2,LEN(A2)-SEARCH(" ",A2))
https://www.ablebits.com/office-addins-
blog/2015/10/07/excel-find-search-functions/

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